As crypto continues to sail through the financial space, Binance, the world’s largest cryptocurrency exchange is set to pave the way for new developments with its upcoming plans. In a report by the Financial Times, the exchange is looking forward to diversifying its interests by investing in projects outside the realm of cryptocurrencies. With these …
Monthly archives: March 2022
Chainalysis launches free sanctions screening tools
Blockchain-data analysis firm Chainalysis has announced the fast-tracked launch of two primary ‘sanctions screening’ tools that it will provide free of charge to the cryptocurrency industry. According to the report provided by Chainalysis on March 10, the screening tools include two main components of new tracking software that will assist exchanges in screening wallets and …
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One Overlooked On-Chain Metric Suggests Bitcoin Bull Cycle Far From Over: Crypto Analyst Benjamin Cowen
Popular crypto analyst Benjamin Cowen says one on-chain metric suggests Bitcoin’s bull cycle is likely to continue. In a new YouTube video, Cowen examines BTC’s Realized Marketcap To Thermocap Ratio, Realized Marketcap is Bitcoin’s cost basis times the supply and the Thermocap is the sum of daily Bitcoin miner revenue in US dollars. Cowen notes …
Top Crypto Analyst Says Bitcoin (BTC) Must Reach This Level Before Flipping Bullish
A prominent crypto analyst says that leading digital asset Bitcoin (BTC) will spark an immense rally once it goes above a key price area. Pseudonymous trader Rekt Capital tells his 292,000 Twitter followers that the top crypto asset by market cap is set to break out once it crosses the $43,000 mark. “The most important …
$40K Bitcoin price is in reach, but analysts warn that a sweep of recent lows is likely
There’s was no rest for weary crypto traders on March 10 as a blistering 7.9% CPI print emerged as the headline of the day, putting pressure on global financial markets and erasing the previous day’s gains in Bitcoin (BTC) as the price fell back below $40,000. Data from Cointelegraph Markets Pro and TradingView shows that …
Polygon’s focus on building L2 infrastructure outweighs MATIC’s 50% drop from ATH
After a devastating 50% correction between Dec. 25 and Jan. 25, Polygon (MATIC) has been struggling to sustain the $1.40 support. While some argue this top-15 coin has merely adjusted after a 16,200% gain in 2021, others point to competing scaling solutions growth. MATIC token/USD at FTX. Source: TradingView Either way, MATIC remains 50.8% below …
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Binance seeks to open shop in Dubai, strengthening its foothold in the Middle East
Binance Holdings Ltd., the world’s biggest centralized crypto exchange by trading volume, is in talks with authorities in Dubai over a license to operate in the Gulf city-state. If granted, the license would help the company to further bolster its operations in the Middle East, a person familiar with the matter told Bloomberg. Binance, the …
Roll-up developers StarkWare to raise $100M at a $6B valuation
Just three months after the last series C funding round, the Israeli company StarkWare is raising another $100 million at a $6 billion valuation, according to a report by the Israeli tech outlet Calcalist. The last series C round closed in November, brought in $50 million at a $2 billion valuation, thus tripling the company …
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Former Chelsea star’s NFT collection drops 90% in past month
About a month ago, John Terry launched his NFT collection, Ape Kids Football Club. But the project value has dropped by almost 90% since then, according to a report from The Athletic. John Terry’s NFT project drops from $656 to $65 When the crypto project was launched on February 2, it was worth $656 on …
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Report: Softbank’s Internet Firm Z Holdings Plans to Launch NFT Mall in 180 Countries
Z Holdings, the internet subsidiary of the Japanese conglomerate holding company Softbank, is planning to launch a global non-fungible token (NFT) marketplace this spring. Z Holdings’ “NFT Mall” aims to target 180 countries and leverage the firm’s Paypay service in order to attract Web3, metaverse, and NFT patrons. Z Holdings Doesn’t Want to ‘Miss out …
Bitoftrade: A New Anonymous Exchange to Leverage the Power of Crypto Trading
press release PRESS RELEASE. On 10 March 2022, bitoftrade, a new decentralized crypto exchange entered the market with a transparent, non-custodial solution that makes advanced trading tools accessible to any type of trader. bitoftrade allows users to get more from their crypto portfolio. The platform offers advanced trading tools such as leverage trading, limit orders …
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Warner Bros. to Launch Hybrid Physical and Digital DC Comics-Themed NFT Trading Cards
The multinational mass media and entertainment conglomerate Warner Bros. has announced the firm is working with Cartamundi Group in order to launch DC Comics-themed hybrid trading cards. DC multiverse fans can leverage the Hro application in order to gain access to their favorite DC superheroes, supervillains, and other DC characters. Warner Bros. Reveals DC Comics-Themed …
Bitcoin (BTC) Will Benefit From War and Emerging Monetary Order, According to Credit Suisse Analyst
A Credit Suisse investment strategist says Bitcoin (BTC) will likely benefit from the current geopolitical turmoil. In a new analysis, Zoltan Pozsar says the world is witnessing a shift to a new monetary order centered around commodity-based currencies in the East. The strategist thinks the new monetary order will weaken the Euro/USD system and cause …
Crypto Trader Updates Outlook on Altcoins, Says He’s Not Bullish on Bitcoin (BTC) at Current Levels – Here’s Why
A leading crypto analyst is updating his outlook on the altcoin markets while analyzing the current price levels for Bitcoin (BTC). In a new series of tweets, crypto trader Michaël van de Poppe tells his 575,000 followers that altcoins such as Chainlink (LINK) are maintaining higher time frame support against the US dollar (USD). “I must …
US Senator Elizabeth Warren Drafts New Crypto Legislation Targeting Russian Sanctions Evasion: Report
As tensions between the United States and Russia spread across numerous sectors, Senator Elizabeth Warren is looking to crack down on potential cryptocurrency loopholes. According to an NBC News report, the Massachusetts senator is drafting legislation to bolster sanctions the US imposed after Russia first invaded Ukraine two weeks ago. Warren recently co-signed a letter …